Shawn G. Lisle - Dec 31, 2021 Form 5 Insider Report for KAMAN Corp (KAMN)

Role: Sr VP & General Counsel
Signature: /s/ Richard S. Smith, Jr., Power of Attorney for Mr. Lisle
Stock symbol: KAMN
Transactions as of: Dec 31, 2021
Transactions value $: $0
Form type: 5
Date filed: 2/11/2022, 02:14 PM
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KAMN	Kaman Common Stock						18.3K	Dec 31, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	KAMN	Performance-Based Restricted Stock Unit						5.87K	Dec 31, 2021	Kaman Common Stock	5.87K	$0.00	Direct	F2
holding	KAMN	Stock Options (Right to Buy)						3.62K	Dec 31, 2021	Kaman Common Stock	3.62K	$36.29	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes the acquisition of 29.5915 shares under the Corporation's Employee Stock Purchase Plan, a Rule 16(b)-3 qualified plan, through 12/31/2021.
F2	Represents performance-based restricted share units ("PSUs") granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.
F3	Exercisable at the rate of 20% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.